Gold loan interest rate and applicable charges
Types of fee |
Applicable charges |
Interest rate |
9.50% to 24% per annum |
Processing fees |
0.15% of the loan amount (inclusive of applicable taxes). |
Stamp duty (as per respective state) |
Payable as per state laws and deducted upfront from loan amount |
Cash handling charges |
Rs. 50 (inclusive of applicable taxes) applicable for cash disbursement only. |
Penal charge |
3% per day on Outstanding Balance - Penal charge will be over and above the interest rate slab mentioned above which shall be applicable/chargeable in case of default in repayment of the Outstanding Dues post maturity. |
| Cash deposit charges | Customers will incur a cash deposition charge of Rs. 50 (Inclusive of Applicable taxes) when making cash payments at our branch offices |
| PG facility charges | Rs. 11 (Inclusive of Applicable taxes) will be charged for utilizing the payment gateway to make part or full payments towards the loan through digital properties |
Convenience fee |
Convenience fee of Rs. 149 (inclusive of applicable taxes) shall be levied for release of ornament/s out of multiple ornaments securing the Gold Loan. |
Part-prepayment charges |
NIL |
Foreclosure charges |
Foreclosure charges are “0”, but in case the customer closes the loan within 7 days of booking, minimum 7 days interest is charged. |
| Auction charges | Charge for physical notice – Rs. 40 (inclusive of applicable taxes) per notice Recovery charges – Rs. 500 (inclusive of applicable taxes) Advertisement fee – Rs. 200 (inclusive of applicable taxes) |
The interest rates applicable on gold loans are dynamic and frequently change due to external factors.
Still have not found what you are looking for? Click on any of the links at the top of this page.
Meet all your needs with a gold loan
A gold loan is an ideal financial solution for addressing diverse needs, offering flexibility and convenience when funds are required urgently. Whether it's managing unexpected medical bills or renovating your home, a gold loan provides quick access to funds while allowing you to retain ownership of your jewellery.
With competitive interest rates, minimal documentation requirements, and flexible repayment options, this loan ensures ease and efficiency in meeting your financial goals. For instance, you can use a gold loan for home renovation or avail a gold loan for medical expenses, without the burden of lengthy approval processes.
By leveraging the value of your gold, a gold loan helps you address immediate expenses or invest in new opportunities, making it a dependable financial tool for various situations.
Disclaimer
Bajaj Finance Limited (BFL) has the sole and absolute discretion, without assigning any reason to accept or reject any application as per BFL policy. *